Qualitas Health/iwi Raises $10M in First Close of New Investment Round
01/11/21, 12:04 PM
Location
houstonMoney raised
$10 million
Plant-based omega-3 pioneers, Qualitas Health, DBA iwi, announces it has secured $10 million in venture funds at a $73million post-money valuation. The investment round is being led by world-class foodTech investor PeakBridge VC, Malta, together with Arancia Group, a privately owned Mexico-based food ingredient/food service conglomerate, Minrav (the company's largest investor) and additional private investors. Additional convertible notes held by Minrav Holdings, Sasa, Trucent and other single investors are converted to equity. The investment will accelerate customer acquisition, and commercialization of the company's unique plant-based protein
Company Info
Location
houston, texas, united states
Additional Info
PeakBridge was founded by Erich Sieber and Nadav Berger. Both spent their entire professional lives in the food industry and have raised and managed funds in the foodTech space prior to creating PeakBridge. PeakBridge is a core member of the EIT Food consortia and invests globally in Series A foodTech companies, including Tastewise, Ukko, BE WTR, PreNexus and Nick's.